GOP Set To Eliminate One Of The Biggest Benefits Of Owning A Home

Housing-industry trade organizations immediately condemned House Republicans' tax bill when it passed in mid-November. The House's version, which housing-industry trade organizations swiftly condemned, halves the mortgage interest deduction, to the first $500,000 of a loan. The Senate's version maintains the status quo at $1 million but removes the current deduction for interest paid on home equity debt.